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To: Perspective who wrote (247288)	6/26/2003 2:09:50 PM
From: NOW	Read Replies (3) \| Respond to of 436258

stockcharts.com Unless they can engineer a turnaround here, all is to nought.

To: Perspective who wrote (247288)	6/26/2003 4:20:50 PM
From: UnBelievable	Respond to of 436258

The Absolute Lower Bound Is One Reason Messing With Long Term Rates Is Profoundly Dumb Because what you are creating is a dependency not just on low rates but also on ever decreasing rates. And since even our all-powerful Fed can't do that the day will come when the party is over. Of course in the mean time all they have done is deplete the capital pool, cause that capital which does exist to be misallocated, and tie a lead weight to the economy that will make it almost impossible for real economic growth to actually occur. Wising up? I doubt it. Long-term rates have begun to increase already. Just a little while longer - you know - while this "recovery" is so tentative and fragile, and by the way we have a Presidential election coming up and Greenspan's "legacy" to protect. I think you can pretty much count on it.